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S
s4spoon
March 23, 2025
Question

I was a member of an LLC that was acquired by a publicly traded company in 2024 and received a combo of stock (tax-free exchange) & cash. How do I report the sale info?

  • March 23, 2025
  • 1 reply
  • 0 views
I received $85,352 cash and $1,693,098 stock (tax-free exchange). My basis in the LLC was $869,120 as of 12/31/2023. My 2024 K-1 reported $36,950 income.

    1 reply

    D
    DavidD66
    April 3, 2025

    I would assign the new stock received the same basis you had in the LLC ($869.12) and report the $85.352 as cash in lieu, long-term gain. 

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